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20121204
20121204
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would describe them. >> what's the biggest proposal you put on the table since the election in terms of raising revenue from closing loopholes and deductions? >> there's a lot of ways to get there, but you could cap deductions at a percent of income. that would be one way to get there. you could eliminate deductions for the wealthiest. >> let me ask you a couple specifics. would you limit the home mortgage deduction? >> there are a lot of options. i'm not going to debate this. >> really? not going to debate this? so he specifically did not say no on the home mortgage deduction. didn't do that. that's the biggest write off that middle class americans have. nor any specifics on loopholes. give us just one loophole, mr. boehner. can't you get one? our tax code is how many thousands of pages and you can't give us one loophole? well, on tv and on paper, republicans refuse to offer details about just how they are going to get all this revenue. timothy geithner explained by the republicans can't sell the specifics of their plan. >> if republicans would like to go beyond these reforms, they
of hirs campaign. he thinks he won it. >> president obama has been re-elected. >> to get a deal done, you're going to have to have higher tax rates on the top 2%. >> the one thing the republicans have going for them is they're leaning on erskine bowles. >> i heard what you were saying. you know nothing of my work. you mean my whole fallacy is wrong. >> i'm happy to be flexible. i recognize i'm not going to get 100%. ♪ >> it certainly 'tis the season and whether you're counting the days to the fiscal cliff, the debt ceiling, christmas day, or judgment day, there's much to do and not much time to do it. as for us, we're counting down the minutes to house speaker john boehner who will be lighting the capitol christmas tree 234 just about an hour. if you're among the wealthiest of americans, then, boy, does boehner have a gift wrapped for you. in republicans' counteroffer to avert the fiscal cliff, the rich get to keep their bush era tax cuts, even as the boehner budget slashes $1.2 trillion in spending, half of it from medicare, medicaid, and other social programs. it is a lump of coal del
to win the presidentee again, george w. bush was really a recluse. i think now that the election is over the republicans lost. he wants to have a role in one of his causes. immigration is a passion he shares with his brother jeb, former governor of florida who is thinking of his own political future and possibly a white house run and wants to help in the reset of the republican party which will include taking a serious look at actually finally engaging on immigration reform. jon: fair to say hispanics did not exactly flock to mitt romney this time around. george w. bush did pretty well with them both four years ago and eight years ago. >> reporter: very well, he got about 41% in his last election, that is a number republicans are going to have to meet in order to win the demographics of a presidential run and get a coalition that gets you the map to win the white house. 71-27, which it was this time is not going to get you the white house. you have to be upwards of 40%, possibly in future years higher than that. and george bush, with his compassionate conservatism, his texas heritage, th
spending. he went from 70% support down to below 50% and lost the house. now he gets re-elected with less strength, not against a war hero but a guy from massachusetts, and the republicans have the house and he thinks somebody made him king and he's going to have more taxes, more spending, and more regulations. it's a real problem for him. he doesn't have the mandate he thinks he does. so i think he takes us over the cliff because he doesn't -- he's got blinders on. he doesn't see where he stands in the universe. >> okay. there are a couple things to unpack here. i want to go back to this question -- i think what i'm confused about is this kind of game of smoke and mirrors that seems to be playing out on the right. and i ask you again, is closing a loophole and ending a deduction the same thing as raising taxes? >> you have to look at the whole package. i mean i would think if you're going to -- and the other key thing here is, anybody -- >> is that a no? >> you have to -- first you have to look at the whole package and find out what's in it. to sit here and shoot at negotiating strategie
since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have to see the rates on the top 2% go up. we're not getting a deal without it. understand the reason for that. it's not me being stubborn or partisan, it's a matter of math. >> and the gop plan, which was unveiled yesterday, includes $800 bill onin new taxes made through closing loopholes and deductions and not raising rates. compare that to the president's plan and that's about half of what the white house asked for. republicans propose 600 billion in entitlement saving including raising the medicare requirement to 67, nearly twice what the white house called for. the gop plan changes how social security benefits are calculated, something addressed under the president'
can get this sorted out, you can really move forward, and therefore, i think now that your elections are out of the way, i'm just speaking as an outsider, now your election is out of the way, there's going to be all this bargaining and positions, but my expectations, i hope, and the desire of the world, is sorted out, and we can move on, and then sort our own problems out. >> for those of us in the united states, we see sort of what seems to be two intractable issues. republicans saying we will not raise taxes on the top 2% of earners. the democrats say we're certainly not going to have cuts that hurt spending cuts that hurt the middle class. and as the proposals go on the table they seem intractable on it. >> they do. but you would expect them, the republicans to be more on the tax side and democrats to be more on the we're not cutting spending side. this is pretty routine type of argument. the question is, you know, are they so far apart they can't bridge the gap? i think they could bridge the gap. you know, there have been proposals put forward on a cross-party basis before that v
's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely different story. this is a political and ideological argument and we'll see who wins. martha: there is a couple ways this could go. one is to land in the middle. you have $800 billion and $1.6 trillion. the other is for one side to say no deal. we'll let you go over the fiscal cliff and we'll see what happens. >> reporter: at the last minute i think there will be a deal. i think republicans will retreat and say okay, you can have higher tax rates but only on people making a half million dollars a year. the president will say, okay, but we'll only discuss -- we'll think about, we'll promise spending cuts in the future. it will be a way of kicking the can down the road. martha: charles krauthammer have a will the more leverage than republicans realize. the president does not want us to go into a recession. we'll talk about that coming up. bill: democrats are all about tax hike and republicans argue massive spending programs
johns, hitting back. pizza chain's favorability score dropped from 32 on election day to 4 at the end of last month. 40 is the top score. papa john's released a statement saying the results are contradictory to another study by the same company showing significant reputation gains. that statement also says the ceo made, his remarks on the affordable care act were mischaracterized in the media. that mischaracterization didn't seem to have had an effect on the brand. >>> new jersey governor chris christie isn't shy about asking the federal government for money. he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. the total? nearly $40 billion. >>> we've heard the controversy surrounding the food stamp program. another politician is taking the challenge to see what it's like for other people who rely on it. newark mayor cory booker is pledging to live off food stamps for one week, joining other celebrities like mario batali, colorado governor john hickenlooper, philadelphia mayor michael nutter and representative robert brady. joining me now is
't, no. she's a leftist in her politics, she's a celebrity who supported him in his re-election, and she's a monster to work with. are those not diplomatic characteristics that we'd welcome in someone who goes to london as our ambassador? i'm joking, obviously. megyn: well, you list the accurate, you know, the stuff you said about her is reportedly true. i mean, she's notorious for being difficult to work with and so on. but all the presidents do this. this is what they all do. if you raise a lot of money for me and i'm running for president, you're going to be an ambassador. that's half the reason people do it. >> however, president obama back in '08 when he first became president, he said he was going to appoint more professionals with diplomatic experience to the service. since then he has appointed 59 ambassadors, 40 of which have no diplomatic experience -- megyn: but she is, she is half british. >> so what? [laughter] megyn: that is a fulfillment of his promise. >> wait a minute, she might be up for ambassador not just to england, but to france. megyn: oh. >> i suppose being britis
. then he won the election. now he wants to increase it to over one half trillion. he has double down on all of these things. if you go back historically in this whole program, you might remember roy reagan, $3 in spending cuts for every dollar in new taxes. we get the taxes but ronald reagan never get the spending cuts. orge bush lost an ection in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in spending cuts. now the present is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spding. gerri: to that point. want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get latr. here is what dan pfeiffer said. it promises to lower rates for the wealthy and stickhe middle-claas with the bill. we could do it pinocchio test. is that true or false? >> completely false. they want to keeall the race the same. now lower than for anybody. and maintaining t
Search Results 0 to 9 of about 10